The turnover during the year is expected to increase by a single percentage point during the financial year ending in March 2026, according to an interim report from Ralph Lauren. This can be compared to an average market forecast of a growth of 4 percent.
CEO Patrice Louvet says that one must now disciplined navigate through a period of macroeconomic uncertainty.
Ralph Lauren is one of the year's winners on Wall Street, with a share price increase of 19 percent so far this year. After the report, the share rises further by some percent.
For the recently concluded quarter, the profit increased to 129 million dollars, up from 90.7 million dollars during the corresponding quarter a year earlier. The turnover increased by 8 percent to 1.7 billion dollars – compared to expected 1.65 billion.
